Ethereum Sees Significant Inflows Post Spot ETF Approval
The post Ethereum Sees Significant Inflows Post Spot ETF Approval appeared on BitcoinEthereumNews.com. Following the approval of the Ethereum Spot ETF, a substantial 160,930 ETH entered Coinbase over just two days. This influx of ETH has raised questions about whether Grayscale’s Spot ETF, ETHE, will continue to exert selling pressure on the market. Recent data indicates that ETH net flows might be a leading indicator of this trend. After the approval of the Spot ETF, 160,930 #Ethereum entered Coinbase in 2 days “The $ETH Netflow data may be a leading indicator of whether Grayscale’s Spot ETF, ETHE, will continue to exert selling pressure.” – By @burak_kesmeci Read more ????https://t.co/qTBHH0OVA9 pic.twitter.com/A0132i8Q1x — CryptoQuant.com (@cryptoquant_com) July 26, 2024 The ETH price has faced downward pressure due to large inflows into Coinbase. Since the trading of ETH spot ETFs began, hourly inflows have surged to their highest levels since May. This uptick suggests increased market activity and potential volatility. ETH price had been receiving downward pressure from larger ETH inflows into Coinbase. Since the ETH spot ETFs started trading, hourly inflows have increased to the highest since May. Monitor inflows in the below link ???? pic.twitter.com/08GK5hJ9Wa — Julio Moreno (@jjcmoreno) July 26, 2024 In a notable on-chain movement, an Ethereum Foundation-related wallet, which had been dormant for 6.6 years, transferred 92,500 ETH (valued at $294.9 million) to a new wallet. These ETH tokens were originally received from the Ethereum Foundation on September 1, 2015, highlighting significant historical holdings being mobilized. An #EthereumFoundation-related wallet transferred 92,500 $ETH($294.9M) to a new wallet 9 hours ago after being dormant for 6.6 years. Through on-chain tracking, it was found that these $ETH were received from the #EthereumFoundation on Sept 1, 2015.https://t.co/FKGsNCrBAT pic.twitter.com/vPOAMq4ccK — Lookonchain (@lookonchain) July 26, 2024 Again, Ethereum ETFs Saw A Negative Net Flow Of $152 Million The latest ETH ETF update shows a negative net flow of…
The post Ethereum Sees Significant Inflows Post Spot ETF Approval appeared on BitcoinEthereumNews.com.
Following the approval of the Ethereum Spot ETF, a substantial 160,930 ETH entered Coinbase over just two days. This influx of ETH has raised questions about whether Grayscale’s Spot ETF, ETHE, will continue to exert selling pressure on the market. Recent data indicates that ETH net flows might be a leading indicator of this trend. After the approval of the Spot ETF, 160,930 #Ethereum entered Coinbase in 2 days “The $ETH Netflow data may be a leading indicator of whether Grayscale’s Spot ETF, ETHE, will continue to exert selling pressure.” – By @burak_kesmeci Read more ????https://t.co/qTBHH0OVA9 pic.twitter.com/A0132i8Q1x — CryptoQuant.com (@cryptoquant_com) July 26, 2024 The ETH price has faced downward pressure due to large inflows into Coinbase. Since the trading of ETH spot ETFs began, hourly inflows have surged to their highest levels since May. This uptick suggests increased market activity and potential volatility. ETH price had been receiving downward pressure from larger ETH inflows into Coinbase. Since the ETH spot ETFs started trading, hourly inflows have increased to the highest since May. Monitor inflows in the below link ???? pic.twitter.com/08GK5hJ9Wa — Julio Moreno (@jjcmoreno) July 26, 2024 In a notable on-chain movement, an Ethereum Foundation-related wallet, which had been dormant for 6.6 years, transferred 92,500 ETH (valued at $294.9 million) to a new wallet. These ETH tokens were originally received from the Ethereum Foundation on September 1, 2015, highlighting significant historical holdings being mobilized. An #EthereumFoundation-related wallet transferred 92,500 $ETH($294.9M) to a new wallet 9 hours ago after being dormant for 6.6 years. Through on-chain tracking, it was found that these $ETH were received from the #EthereumFoundation on Sept 1, 2015.https://t.co/FKGsNCrBAT pic.twitter.com/vPOAMq4ccK — Lookonchain (@lookonchain) July 26, 2024 Again, Ethereum ETFs Saw A Negative Net Flow Of $152 Million The latest ETH ETF update shows a negative net flow of…
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